B.Riley FBR Remains a Buy on Unique Fabricating (UFAB)


B.Riley FBR analyst Christopher Van Horn reiterated a Buy rating on Unique Fabricating (NYSE: UFAB) on August 10 and set a price target of $11.25. The company’s shares closed on Friday at $8.31.

Van Horn wrote:

“We reiterate our Buy rating and $11.25 price target on Unique Fabricating (UFAB) shares after the company reported 2Q18 sales and earnings above our expectations and confirmed its full- year guidance, on August 9 (before market open). UFAB shares closed +1.3% vs. the August 9. We think that UFAB’s products and capabilities continue to see solid demand as automakers seek to address noise/vibration/harshness issues and that the company’s market penetration is generally trending favorably. In our view, that, in addition to new business ramping up, should help fuel continued revenue outperformance compared to underlying North American auto production volumes. Also, second-quarter adj.”

According to TipRanks.com, Horn is a 4-star analyst with an average return of 8.7% and a 57.0% success rate. Horn covers the Industrial Goods sector, focusing on stocks such as Superior Industries International, Tower International, and Park-Ohio Holdings.

Unique Fabricating has an analyst consensus of Moderate Buy, with a price target consensus of $11.25.

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Unique Fabricating, Inc. engages in the engineering, manufacture, and sale of foam, rubber, and plastic components. Its products are used in noise, vibration and harshness, acoustical management, water and air sealing, decorative, and other functional applications. The company was founded in 1975 and is headquartered in Auburn Hills, MI.

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